Caci International CLA (CACI) Earnings Date & Reports
CACI International Inc is an information solutions and services provider, offering information solutions and services to its customers... Show more
CACI is expected to report earnings to $7.30 per share on August 12
CACI International (CACI) Fiscal 2026 Third Quarter Earnings Recap: Revenue Climbs 8.5% as EPS Tops Estimates
Key Takeaways
- CACI International reported third quarter fiscal 2026 revenue of $2.351 billion, up 8.5% year-over-year (YoY), driven by 6.8% organic growth and slightly exceeding consensus estimates of $2.348 billion.
- Diluted earnings per share (EPS) rose 17.6% YoY to $5.88, beating expectations; adjusted diluted EPS increased 16.7% to $7.27, topping consensus by about 2.5%.
- Company raised full-year FY2026 revenue guidance to $9.5–$9.6 billion (from $9.3–$9.5 billion), incorporating the recent ARKA Group acquisition.
- Contract awards totaled $2.2 billion, including major defense and intelligence wins; total backlog grew to $33.4 billion, up 6.4% YoY.
- Adjusted diluted EPS guidance for FY2026 narrowed slightly to $27.70–$28.38, reflecting acquisition costs, while free cash flow outlook reaffirmed at $725 million or more.
Earnings Context and Why It Matters
As a leading provider of information technology (IT) and professional services to U.S. government agencies, particularly in defense and intelligence, CACI International's earnings are closely watched for signals on federal spending trends, contract wins, and mission-critical demand. Amid geopolitical tensions and rising defense budgets, Q3 results highlight the company's ability to secure large awards and integrate acquisitions like ARKA Group, bolstering its position in high-growth areas such as cybersecurity and space. Investors view these reports as barometers for sustained organic growth and margin expansion in a competitive landscape dominated by government procurement cycles.
CACI International delivered robust Q3 FY2026 results for the period ended March 31, 2026. Revenue reached $2.351 billion, a 8.5% YoY increase (6.8% organic), edging past consensus estimates around $2.348–$2.36 billion. Net income climbed 16.6% to $130.4 million, driving diluted EPS to $5.88 (up 17.6% YoY), above expectations of about $5.70. Adjusted figures were even stronger, with adjusted net income up 15.6% to $161.1 million and adjusted diluted EPS at $7.27 (up 16.7%), surpassing analyst forecasts by roughly $0.18.
Key operating metrics shone: EBITDA (earnings before interest, taxes, depreciation, and amortization) hit $289.7 million (12.3% margin), contract awards aggregated $2.2 billion (~26% new business), and funded backlog surged 19% YoY to $5.0 billion. CEO John Mengucci credited "differentiated capabilities and exceptional execution."
Guidance updates included raised revenue and EBITDA margin targets but a modest trim to adjusted EPS due to ARKA-related expenses.
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Market Reaction and Investor Sentiment
Following the April 22 after-market release, CACI shares showed a muted to slightly negative reaction, dipping roughly 4% in extended trading amid the narrowed EPS guidance despite beats on quarterly results and raised revenue outlook. Investor sentiment remains positive on strong backlog and contract momentum, but focus sharpened on acquisition integration costs and FY2026 profitability. Pre-earnings positioning reflected optimism, with analysts maintaining a "Moderate Buy" consensus.
Forward Outlook and Key Factors to Monitor
CACI's raised FY2026 revenue guidance to $9.5–$9.6 billion underscores confidence in organic growth and the ARKA acquisition's $150 million contribution, targeting high-demand missions in cybersecurity, space, and logistics. Investors should track EBITDA margin expansion to 11.8%–11.9%, reflecting operational efficiencies despite transaction costs.
Backlog growth to $33.4 billion signals robust pipeline visibility, with funded backlog at $5.0 billion providing near-term revenue stability. Upcoming catalysts include Q4 results (ending June 30, 2026), further ARKA synergies, and new awards amid elevated U.S. defense budgets.
Key risks involve government budget delays, labor cost inflation, and program recompetes. Free cash flow of at least $725 million supports capital returns, while monitoring contract mix for margin impact will be crucial.
Disclaimer
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